I have a friend in the closed beta.
He says theres still some work to be done in order for it to be a fun game.
He wont tell me much more though cause he doesnt want to get sued or whatever.
Atm, yes. The devs claim its different then most 3rd person shooters though.
They posted on the site, depending on how it works out, they may offer an option for 1st person with an update sometime after the release.